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TDG GOLD Corp. Publishes Second Set of Historical Longitudinal and Cross Sections from Shasta Exploration Area Demonstrating Continuation of Mineralization up to 700 Metres from Historical MINE Workings

Corporate Updates

1

TDG Gold Corp.

Unit 1 - 15782 Marine Drive

White Rock, B.C. V4B 1E6

www.tdggold.com

TDG GOLD CORP. PUBLISHES SECOND SET OF HISTORICAL LONGITUDINAL AND CROSS SECTIONS FROM

SHASTA EXPLORATION AREA DEMONSTRATING CONTINUATION OF MINERALIZATION UP TO 700

METRES FROM HISTORICAL MINE WORKINGS

White Rock, British Columbia, January 18, 2021. TDG Gold Corp (TSXV: TDG) (the “Company” or “TDG”)

is pleased to provide a second set of longitudinal sections and cross sections from its interpretation work

of the historical drilling and exploration undertaken on the former producing high -grade gold and silver

Shasta Mine located in the Toodoggone Region of northern British Columbia. The sections presented in

this news release cover the JM-Cayley-Rainier Zones and the O Zone.

JM-Cayley-Rainier Zones

The JM, Cayley and Rainier Zones lie to the south and southeast of the historically mined Creek and JM

Zones (see news release January 05, 2021 ) and represent geologically continuous mineralized zones,

segregated by minor fault offsets. Collation of historical work also highlights the presence of anastomosing

vein sets that have been both mapped at surface and intersected during prior drilling, forming a

“horsetail” splay of structures which creates broad zones of near-surface mineralization with an indicated

strike length of approximately 1 kilo metre with only 300 metres accessed through the historic al

underground workings.

Historical drill holes within these veins are more widely spaced than within the workings itself but

demonstrate comparable widths and grades which remain open to the south and at depth. Previous

operators also selectively assayed samples from drill core using visual identification of minerals so the full

potential of any mineralized gold-silver halo is currently untested.

An interval in hole DD83-03 in the southern JM and Cayley Zone (190 metres south of historical workings)

returned 66.1 metres at 0.51 grams per tonne (“gpt”) gold and 8.81 gpt silver, including 9.1 metres of

3.01 gpt gold and 37.29 gpt silver . This appears to represent a central higher -grade mineralized core

surrounded by a broader lower-grade halo.

An additional step out 300 metres south within the Rainier Zone returned intervals including 16.2 metres

at 2.58 gpt gold and 15.66 gpt silver in hole DD10-05.

Collectively these historic al results indicate the potential for consistent mineralization which remains

open along strike and at depth.

O Zone

The O Zone was identified through prospecting and limited drilling during the late 1980s and consisted of

limited vein exposures at surface paralleling a fault which appears to be an extension to the JM fault and

vein system although there is an untested gap of 350 metres between the two areas. Like other programs

on site, assay samples were selected upon a visual assessment and so significant lengths of drill core have

not been sampled. Initial reviews suggest mineralization is hosted within a gold -silver bearing breccia

along the fault and within the footwall rocks , with sample assays returning intervals such as 3.0 metres

grading 2.05 gpt gold and 8.47 gpt silver in hole DD88-25 (see sections below). The O Zone has a known

strike length of 320 metres and is open to the southeast and northwest.

2

TDG Gold Corp.

Unit 1 - 15782 Marine Drive

White Rock, B.C. V4B 1E6

www.tdggold.com

Figure 1 below shows the location of the four zones for which drill hole longitudinal sections and cross

sections are included in this news release (Figures 2-6). Additional cross sections will be published in the

Shasta project area of the TDG website (https://tdggold.com/projects/shasta/).

Figure 1. Shasta location map of longitudinal sections and cross sections from the JM, Cayley, Rainier and O Zones.

3

TDG Gold Corp.

Unit 1 - 15782 Marine Drive

White Rock, B.C. V4B 1E6

www.tdggold.com

Shasta Exploration Area Longitudinal Sections for JM-Cayley-Rainier Zones & O Zone

Historical drilling and assay results south of the Creek and JM Zone mine workings are presented here in

long section in the target areas known as the JM -Cayley-Rainier Zone and the O Zone. These sections

illustrate the southerly extension of gold-silver mineralization from the previously worked Creek and JM

zones. The sections demonstrate significant sections of core were not sampled historically. The sections

illustrate the potential for further mineralization along strike and down dip.

JM-Cayley-Rainier Zone Longitudinal Section

O Zone Longitudinal Section

Figure 2. Longitudinal sections showing mineralized strike extension for the JM-Cayley-Rainier Zones and the O

Zone.

4

TDG Gold Corp.

Unit 1 - 15782 Marine Drive

White Rock, B.C. V4B 1E6

www.tdggold.com

Shasta Exploration Area Cross Sections (refer to Figure 1)

JM-Cayley-Rainier Zone Historical Results for the JM Zone (Figure 3), Cayley Zone (Figure 4), and

Rainier Zone (Figure 5) Cross Sections

JM Zone Cross Section

Table 1 shows historical drill assay results with mineralized widths up to 66.1 metres (“m”) of 0.51 grams

per ton (“gpt”) gold and 8.81 gpt silver including 9.1 m of 3.01 gpt gold and 37.39 gpt silver located due

south of the former mine workings area. The records show that sections of core were not assayed, and

sampling did not continue into vein “halo” mineralization.

Table 1

Figure 3. JM Zone cross section showing broad, potentially bulk tonnage gold-silver “halo” mineralization with narrower

higher-grade zones.

Hole ID From (m) To (m) Composite

Length (m) Au (gpt) Ag (gpt) Zone Section

DD83-03* 3.70 69.80 66.10 0.51 8.81 JM Zone, due south of previously

worked area including 18.60 27.70 9.10 3.01 37.39

DD89-50* 37.90 43.80 5.90 1.76 28.11 JM Zone, due south of previously

worked area including 38.90 42.30 3.40 2.94 44.63

5

TDG Gold Corp.

Unit 1 - 15782 Marine Drive

White Rock, B.C. V4B 1E6

www.tdggold.com

Cayley Zone Section

Table 2 shows historical drill assay results with mineralized widths up to 56.1 m of 0.43 gpt gold and 20.8

gpt silver including 13.7 m @ 0.60 gpt gold and 39.20 gpt silver in an underexplored area located 400 m

step out to the south and south-southeast respectively of the southern extents of the JM and Creek Zone

historical mine workings. The cross section also illustrates intervals of core that were not assayed.

Table 2

Hole ID From (m) To (m) Composite

Length (m)

Au

(gpt) Ag (gpt) Zone Section

DD83-01* 30.80 86.90 56.10 0.43 20.80

Cayley Zone, underexplored area

south of the JM Zone including 52.10 65.80 13.70 0.60 39.20

including 68.90 77.70 8.80 0.63 34.48

Figure 4. Cayley Zone cross section showing mineralization persisting south of the JM and Creek Zones.

6

TDG Gold Corp.

Unit 1 - 15782 Marine Drive

White Rock, B.C. V4B 1E6

www.tdggold.com

Rainier Zone Section

Table 3 shows historical drill assay results with mineralized widths up to 16.2 m of 2.58 gpt gold and 15.66

gpt silver including 6.60 m @ 5.58 gpt gold and 22.77 gpt silver in an underexplored area located 490 m

step out to the south and south-southeast respectively of the southern extents of the JM and Creek Zone

historical mine workings. The section illustrates long intervals of core that were not assayed.

Table 3

Hole ID From (m) To (m) Composite

Length (m)

Au

(gpt)

Ag

(gpt) Zone Section

DD10-01* 20.10 37.20 17.10 0.84 73.29

Rainier Zone including 21.80 31.30 9.50 1.30 129.95

and 52.70 69.70 17.00 0.54 11.91

DD10-05* 38.10 54.30 16.20 2.58 15.66

Rainier Zone including 39.00 45.60 6.60 5.58 22.77

Figure 5. Rainier Zone cross section illustrating continuation of mineralization and appearing open at depth .

7

TDG Gold Corp.

Unit 1 - 15782 Marine Drive

White Rock, B.C. V4B 1E6

www.tdggold.com

Shasta Exploration Area Cross Sections (refer to Figure 1)

O Zone Historical Results for Cross Section (Figure 6)

Table 4 shows historical drill assay results with mineralized widths up to 3.0 m of 2.05 gpt gold and 8.43

gpt silver in an underexplored area located 700 m step out to the southeast of the southern extent of the

JM Zone historical mine workings.

Table 4

Hole ID From (m) To (m) Composite

Length (m)

Au

(gpt) Ag (gpt) Zone Section

DD88-25* 24.00 27.00 3.00 2.05 8.43

O zone

and 39.50 43.00 3.50 0.52 1.96

DD88-26* 64.60 68.00 3.40 1.27 4.84

O zone

and 72.30 79.40 7.10 0.56 2.05

Figure 6. O Zone cross section showing gold silver mineralization open to depth and long sections of core not

sampled.

8

TDG Gold Corp.

Unit 1 - 15782 Marine Drive

White Rock, B.C. V4B 1E6

www.tdggold.com

TDG geologists continue to compile the historical exploration data for the Shasta Exploration Area.

Results will be published in the coming weeks presenting additional gold-silver targets. During 2021,

subject to operational approvals, TDG proposes to drill test the multiple gold and silver veins and the

potential bulk tonnage stockwork mineralization. Successful confirmation of historical drill results and

mineralized halo widths will rapidly advance the project to resource definition in 2021-2022.

Drill Hole Details

* Note 1: drill holes with an asterisk denote that assay results are recorded from written reports and government filed assessment

reports. Laboratory certificates in these examples have not been found in historical data search. Some records also show that

samples were assayed at the Baker Mine Site Laboratory, where no individual assay certificates are recorded.

Qualified Person

The technical content of this news release has been reviewed and approved Andy Randell, PGeo., a

qualified person as defined by National Instrument 43-101.

This news release includes historical drilling information that has been reviewed by the Company’s geological team.

The Company’s review of the historical records and information reasonably substantiate the validity of the

information presented in this news release; however, the Com pany cannot directly verify the accuracy of the

historical data, including the procedures used for sample collection and analysis. Therefore, the Company encourages

investors to exercise appropriate caution when evaluating these results.

Hole ID Easting (NAD83 ZN9) Northing (NAD83 ZN9) Elevation (m) Azimuth (o) Dip (o) EOH (m)

DD10-01* 621262 6346784 1460 270 -47 74.98

DD10-02* 621295 6346775 1469 270 -45 78.03

DD10-03* 621203 6346779 1455 268 -50 50.90

DD10-04* 621203 6346779 1455 240 -50 53.64

DD10-05* 621203 6346779 1455 240 -65 57.30

DD10-06* 621157 6346768 1436 85 -45 78.03

DD10-07* 621194 6346783 1449 165 -45 21.34

DD10-08 621397.5 6346801 1473 275 -45 169.40

DD87-08 621120.5 6346871 1431.29 50 -45 122.20

DD88-25* 621875.4 6346880 1566 33 -45 63.10

DD88-26* 621848.4 6346839 1563 33 -44 96.60

DD89-25* 621233 6347086 1413.24 254 -43 110.60

DD89-27* 621863.1 6346945 1550.24 214 -44 76.60

DD89-50* 621145.9 6347062 1402 84 -43 47.90

DD89-51* 621128.4 6347087 1394 85 -50 80.70

DD94-12* 621161.9 6347092 1404 90 -65 63.11

DD94-13* 621142.4 6347052 1410 90 -45 69.21

DD94-14* 621142.4 6347052 1410 90 -55 81.40

DD83-01* 621193.7 6346876 1447 270 -50 91.80

DD83-03* 621167.9 6347075 1402 120 -50 92.70